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Registered number: 12357447
SCOBY TOPCO LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2020
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SCOBY TOPCO LIMITED
REGISTERED NUMBER: 12357447
BALANCE SHEET
AS AT 31 DECEMBER 2020
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 September 2021.
The notes on pages 3 to 5 form part of these financial statements.
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SCOBY TOPCO LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2020
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Comprehensive income for the period
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Other comprehensive income for the period
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Total comprehensive income for the period
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Shares issued during the period
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Total transactions with owners
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The notes on pages 3 to 5 form part of these financial statements.
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SCOBY TOPCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2020
Scoby Topco Limited is a private company limited by shares. The company is incorporated in the United Kingdom and is registered in England and Wales. The registration number is 12357447. The registered office is 18a/20 King Street, Maidenhead, Berkshire, United Kingdom, SL6 1EF.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
Investments in subsidiaries, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
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The average monthly number of employees, including directors, during the period was 2.
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SCOBY TOPCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2020
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Investments in subsidiary companies
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The valuations were carried out on 31 December 2020 by the directors.
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Creditors: Amounts falling due after more than one year
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Amounts owed to subsidiary
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SCOBY TOPCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2020
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Allotted, called up and fully paid
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1 ordinary share of £1.00
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During the period, the company issued 1 Ordinary £1 shares for the aggregate consideration of £1.
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Related party transactions
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At the period end, included in amounts owed to subsidiary due after one year, is the amount of £7,909,500 owed to Scoby Bidco Limited, a subsidiary of the company.
The loan is interest free and has been discounted from its face value of £10,760,788 to record its present value on 31 December 2019 which caused the recording of investment income of £3,437,177. The unwinding of the loan at the period end resulted in the recognition of interest payable during the period of £585,889.
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